Remuneration to Full-Time Trustee not violates Section 13 – Rejection of Section 12AB Registration Unsustainable

Kalumal Shorimal Nathumal Rangwala Pvt Vs CIT (Exemptions) (ITAT Amritsar) Rejection of registration u/s 12AB unsustainable as payment of remuneration to full-time trustee doesn’t violate section 13 ITAT Amritsar held that rejection of application for registration u/s 12AB of the Income Tax Act unsustainable as there is no violation of section 13(1)(c) by paying remuneration to the full-time working trustee. Facts- The assessee is a charitable trust registered on 21.09.1942. After the amendment of Finance Act 2020 the assessee made an application for registration u/s 12A(1)(ac)(iii) before t...